R 15 000 000 | warehouse property for sale in maxmead

This newly built, state of the art warehouse for sale is situated in the prestigious Romead Business Park, Maxmead, Pinetown. The park is controlled by boom access and 24 hour security. Unit 1, Romead Business Park, Maxmead TOTAL GLA - 1952sqm G Floor Offices - 170sqm F Floor Offices - 282sqm Warehouse Dock Leveller - 1.500sqm Parking for 12 vehicles Open Yard - 840sqm Tenant - St. Gobain (International Company) Triple Net Lease 23 months left on current lease Current Rental - R123,625PM (Triple Net) 7.5% escalation Asking Selling Price - R15,000,000.00 VAT Yield - 9.89% Monthly Body Corp Levies R11,265.88 Monthly EThekwini rates - R23212.63 Monthly Garden Maintenance - R2165.68 Annual Insurance - R46468.11